Bank A Days 5.5 interest compounded annually on deposits, while tak pays 4.5%.compounded daily thesed on the EAR (or), which bank should you use? 1. You would choose Bank A because tEAR higher 11. You would choose Bank because its EAR higher 111. You would choose Bank A because its nominal interest rate is higher TV. You would choose Bank because its nominal interest rate is higher You are indiferent between the banks and your decision will be based upon which one offers you for opening an account Could your choice of tanks the influenced by the fact that you might want to withdraw your funds during the year weed to at the end of the yeature that your tons must be wonder an entire compounding period in order to receive an interest 1. funds must be left on depout until the end of the compounding period (year for tank and 1 day for thor), and you there is that you will do they then Bank A might be preferable 11. If funds must be felt on deposit until the end of the compounding period (year for Bank and for tanke), and you have no intento mong with the water preferable Itt if funds must be left on deposit until the end of the compounding of day for bank and I wow for Bank 1), and you think this body that you wide we them the tank night be preferable IV. I fonds must be left on deposit until the end of the componding period 1 year for Bank And 1 day for Bank), and you with you the Bank might be preferable V If Funde must be left on deposit the end of the compounding period day for and for anyone who will width then Bank A might be preferite